Rod Goldberg, the owner/operator of Goldi-Locks Self Storage of Colchester, Conn., gave an interview to The Hartford Courant about his self-storage business and the overall state of the industry. A town native, Goldberg launched his storage business in 2004 on a 40-acre former chicken farm. Last year, he added 171 climate-controlled units to the existing 165 units.
Goldberg’s business has experienced a downturn like the rest of the economy, he said, about 10 percent. He’s at approximately 65 percent occupancy. He also said more customers are falling behind on payments than in the past. His typical auction will yield $40 to $300, and he sees an average of 15 people at these events.
Source: The Hartford Courant, Colchester Self-Storage Company Has Inside Knowledge Of Tough Economy